GoldCore's blog

GoldCore's picture

Manipulative Gold ‘Fat Finger’ Or Algo Trade Worth 1.24 Billion USD





 

Gold’s London AM fix this morning was USD 1,661.25, EUR 1,253.02, and GBP 1,024.70 per ounce. Yesterday's AM fix was USD 1,662.50, EUR 1,256.61 and GBP 1,021.44 per ounce.

Silver is trading at $30.85/oz, €23.37/oz and £19.10/oz. Platinum is trading at $1,570.00/oz, palladium at $677.60/oz and rhodium at $1,350/oz.

 
GoldCore's picture

Gold “Buying Opportunity” - Gold Analysts More Bullish On Central Bank Demand





The Fed’s promise to use more QE should the economy falter is supporting gold.

 

The global economic picture remains grim, with euro zone economic sentiment falling more than

expected in April and the US job market recovery showing signs of a slowdown.

 

Apple earnings and the tech boom and indeed possible tech bubble remains one of the primary

drivers of continuing irrational exuberance and risk appetite.

 

The poor and deteriorating economic backdrop is gold supportive.

 
GoldCore's picture

Silver Seen Over $40/oz in 2012 – Store of Value Remains Undervalued





 

Gold rose $1.50 or 0.09% in New York and closed at $1,640.80/oz yesterday. Gold traded sideways in a narrow spread in Asia and continued this in European trading climbing up around 0.16%. 

Gold rose quickly from $1,631/oz to nearly $1,650/oz in minutes on volume with some chunky 3000 lot plus batches of orders going through on the COMEX pushing gold up. A determined seller again appeared and gains were capped at that level.

 
GoldCore's picture

Gold Consolidating Over €1,200/oz As Spanish 10 Year Hits 6.15%





There is the slow realisation that the complacency of recent months was again misplaced. It remains obvious that the euro zone debt crisis is far from over and this will support gold in the coming months – especially in euro terms. 

Gold in euro terms has been consolidating above €1,200/oz for six months now. With the eurozone crisis set to deepen and the continuing risk of contagion, we could see gold break out in euro terms prior to doing so in dollars, pounds and other currencies.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!